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The threat of Internet security is an issue of growing concern In the last decade the number of people using computers on a regular basis has exploded For quite some time now computers and the Internet have been a source of entertainment and education and not until recently have become a means of doing business At the same time the Internet has also been a fertile ground for fraud The absence of global regulation a general lack of experienced personnel security holes created by bugs from software vendors a lack of understanding of technology by the average user and easy access to the Internet from anywhere makes the Internet a tempting network for crime Areas of vulnerability and of common security leaks include chat rooms e-mail browsers and modems Electronic commerce e-commerce can be defined as using an electronic network to simplify and speed up all stages of the business process from design and making to buying selling and delivering Furnell and Karweni 1999 Because the Internet is fast reasonable reliable inexpensive and universally accessible it is considered to be perhaps the best modern method for businesss to communicate with their customers and with their partners The Internet reaches more the 100 million consumers all over the world As of 1999 there were three million traders on the Internet and this number is predicted to rise to 144 million by 2002 over a 300 increase in three years Furnell and Karweni 1999 The Global Trading Web Association GTWA the worlds largest independent membership organization of electronic marketplaces announced on November 12 2001 that activity among its e-marketplaces is growing at an aggressive rate When comparing January-June 2001 activity with the same time period in 2000 GTWA e-marketplace transactions have increased 733 with their 2001 year-end projections topping 2 million When comparing the first two quarters in 2001 with the first two quarters in 2000 sales volume among GTWA members increased 3110 with projected 2001 year
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